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LEESBURG VIRGINIA REAL ESTATE - A MARKET REPORT

By
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

WELCOME TO REAL ESTATE IN LEESBURG, VIRGINIA

Leesburg, Virginia, just the word brings thought of our history, antiques, quiet rural towns in Virginia and country sides with farms and horses.  Leesburg is all of that and much more.  Leesburg real estate is a very exciting market and, if buying a home in the Leesburg area of Northern Virginia is on your mind, take a tour of Leesburg with us and you'll be right at home. 

HISTORY  Leesburg VA has a rich history and it is reflected in the streets, shops, government buildings, and even in the real estate of the town and surrounding area in Loudoun County.  Leesburg is one of the oldest towns in Northern Virginia dating back to the mid 1700s when it was the county seat of Loudoun County and still is.  Leesburg was a major location for battles in the War of 1812 where vital documents including the Declaration of Independence and others were brought to Leesburg for safekeeping.  The spirit of the 1700-1800s is reflected in the town of Leesburg, a wonderful area to tour, shop for antiques or have a delightful lunch.  During the Civil War, many homes and shops in Leesburg served as hospitals and military outposts.

         Leesburg        King Street Leesburg

        LEESBURG IN DECEMBER - Quaint streets and shops welcome local home owners and visitors with a smile

LOCATION   Leesburg is located in a wonderful location for convenient accessibility to major communing routes.  The Greenway is a direct route to Leesburg from the Washington Beltway, through Fairfax County, Reston, Herndon and ends in Leesburg.  Route 15 is also an important route go Maryland to the north and Warrenton or Route 50 to the south. 

  Map Loudoun County   Map Leesburg

                          LOUDOUN COUNTY MAP                                                          LEESBURG VIRGINIA MAP

REAL ESTATE SALES IN LEESBURG - November 2005 and November 2006

Leesburg Virginia 20175

     2006    2005    % Change
Total Sold Dollar Volume: $ 12,752,622 $ 26,613,856 - 52.08 %
Average Sold Price: $ 490,485 $ 502,148 - 2.32 %
Median Sold Price: $ 410,000 $ 420,000 - 2.38 %
Total Units Sold: 26 53 - 50.94 %
Average Days on Market: 123 38 223.68 %
Average List Price for Solds: $ 547,634 $ 520,759 5.16 %
Avg Sale Price as a
percentage of Avg List Price:
89.56 % 96.43 %

Leesburg Virginia 20176

   2006    2005    % Change
Total Sold Dollar Volume: $ 29,149,684 $ 52,853,634 - 44.85 %
Average Sold Price: $ 539,809 $ 629,210 - 14.21 %
Median Sold Price: $ 502,500 $ 568,217 - 11.57 %
Total Units Sold: 54 84 - 35.71 %
Average Days on Market: 133 28 375.00 %
Average List Price for Solds: $ 594,404 $ 654,856 - 9.23 %
Avg Sale Price as a
percentage of Avg List Price:
90.82 % 96.08 %

MARKET INFORMATION   The information above reflects the trend of real estate in Leesburg to a BUYER'S MARKET with Days on the Market longer than 3 months and the price of the sale to the list price. 

Typical homes in Leesburg - Luxury homes like the below are offered for sale new and resale within 5 miles of downtown Leesburg.  These homes are in the $1,000,000 to $2,000,000 price range on 1 to 5 acres of land.  New homes with quick occupancy are available and builder incentives are generous. 

 

          Homes in Leesburg    Town Home Leesburg    Single Family Home Leesburg 

              LUXURY SINGLES IN LEESBURG           LUXURY TOWN HOMES    AVERAGE SINGLE FAMILY LEESBURG

PRICING IN LEESBURG  The average price for a single family detached home wtih 4 plus bedrooms, 2 plus full baths and a 2 car garage in Leesburg constructed within the past 10 years is approximately $700,000.  Average lot size is 1/2 acre. 

         SEARCH HOMES FOR SALE LEESBURG 20175      

         SEARCH HOMES FOR SALE LEESBURG 20176

         Loudoun County Real Estate - Information about Loudoun County and Leesburg real estate. 

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Comments(4)

Maureen Francis
Coldwell Banker Weir Manuel - Bloomfield Hills, MI
Coldwell Banker Weir Manuel
Lenn, you really do some of the nicest market reports on ActiveRain.
Dec 18, 2006 09:15 AM
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Lenn - this is a great market report!  I like the way you've done a narrative on the area and what it has to offer combined with market stats.  Market stats can be so dry, but your report, with the pictures makes it easy to read and interesting as well.

Ann

Dec 18, 2006 09:15 PM
Steve Lizik
Weichert Realtors of Ashburn, Virginia - Leesburg, VA
I agree. Lenn, your market reports are very informative for clients and are appealing to the eye. Excellent marketing tool. I have always mailed these or emailed them to clients. Blogging is very effective, however. You cover a lot of territory.
Dec 17, 2007 05:22 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Maureen.  Thanks.  I like the Localisms for relief from the "hard core real estate talk". 

Ann.  What??  Market reports dry???  You mean to tell me that folks don't hand on every number???? 

Steve.  I e-mail mine out too.  Folks love them.

 

Dec 17, 2007 10:09 PM